LeoTheDog

Will the Market 'Melt Up'?

This is a ridiculous article. The answer to the title of the article is that "IT HAS MELTED UP". That's how we got a 50% move on the basis of "it is getting worse more slowly".

The author appears to think that 1200 on the S&P and 12,000 on the Dow are within reach. At what P/E would the market be trading at if he is right, and is that a reasonable valuation...?